Planet X rides into international expansion

2 min read

FundingInternational trade and expansionRetail & WholesaleYorkshire & North East

Planet X

Planet X

Established over 25 years ago, Planet X manages the design, assembly and sale of bicycles, related parts and accessories. Their products are marketed under the own brand labels of Planet X, On-One and Titus, and are sold internationally from their head office in Rotherham.

Planet X have moved all their banking needs to Santander. They were keen to work with a partner better able to support the international ambitions, with a full understanding of working capital dynamics.

Santander were excellent, they responded quickly and truly grasped our business model. They not only understood our concerns but presented practical solutions to overcome them. We are a personality led business and they have a great balance of personality and commerciality.

Trevor Parker

Director, Planet X

Due to the effects of Brexit, Santander provided a flexible trade facility that supported working capital needs and enabled Planet X to react to the changing market, allowing them to continue to trade and grow their successful online business.

Planet X has a proven track record in the cycling world of delivering quality bikes and accessories at competitive prices. They continue to be a great success story and we’re delighted to have been chosen as their bank of choice. We look forward to working with them over the coming years, helping them expand into new territories and supporting their growth strategy.

Andrew Russell

Relationship Director, Santander

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